The Ford Motor Company (Ford) announced a $5.9 billion loss for the fourth quarter of 2008 in a Form 8-K filing today. In the announcement, Ford reported that as of December 31, 2008 it had $24 billion in total liquidity and confirmed that “based on current planning assumptions, it does not need a bridge loan from the U.S. government, barring a significantly deeper economic downturn or a significant industry event,” such as the bankruptcy of GM or Chrysler that would cause a disruption in Ford’s supply base, dealers or creditors.

Although Ford itself is not currently seeking a government bridge loan, it disclosed in an exhibit to its December 2, 2008 Form 8-K that its financing arm, Ford Motor Credit Company (Ford Credit), is “eligible for and [is] participating in funding programs from the European Central Bank and, more recently, the Federal Reserve’s Commercial Paper Funding Facility (CPFF).” That announcement also indicated that Ford Credit has provided feedback to the Federal Reserve and Treasury on the Term Asset-Backed Securities Loan Facility (TALF), in the hope that it will be able to use that facility to support its finance operations. TALF is not yet in operation, but the Federal Reserve is expected to begin purchasing asset-backed securities under TALF shortly.